BUSINESS LAW

BUSINESS LAW
December 2022 Examination

Q1. India’s vision of self-reliance is not only on its technological prowess but the conscious exploitation its flora and fauna. Explain and highlight the important provisions and features of the law that conserves biological diversity in India along with regulating the access to Indian Biological Resources (10 Marks)
Ans 1.
Introduction
Like sustaining all life on Earth, biodiversity is the platform that supports the connection of all sorts of living microorganisms from several sources across terrestrial, aquatic, and all aquatic environments. Biodiversity is likewise a center for contemporary and conventional medications, a food source, and gives natural substances for exchange and business. As one of the most influential countries in the world and holding the global document for the environment of one of the unique species, India is dealing with biodiversity dangers because of population explosion due to

Q2. Please give two (2) instances where investigations and/or punishments are initiated/enforced by the authorities set up under the Competition Act, 2002. (10 Marks)
Ans 2.
Introduction
Competition is the Act of sellers trying to win the favor of customers to get an edge or a slice of the pie. The Competition Act 2002 was enacted by the Indian Parliament to change the Restrictive Infrastructure and Illegal Trade Practices Act 1969. The Indian Competition Law Administration is active. After the implementation of the Competition Law 2002 (the “Law”), it was changed two times by him, the Competition Law 2007 (Modification) and the Competition Law 2009 (Amendment

Q3. Samanyu wants to start a business along with his elder sister Samaira. Both have decided to start food truck chains across India and have decided to name it as “SamSam”. They are going to introduce a range of food products under the name of SamSam. For ex: SamSam Fries, SamSam Pizza, SamSam Tacos etc. Each of these products would have a special recipe designed by both Samira and Samanyu. However, they are skeptical that the word SamSam and these recipes would be copied/plagiarized by other food truck owners. They have approached you with following queries for them to understand what steps then can take to protect their rights:
a. What types intellectual property rights they could claim in relation to the SamSam and the recipes. Please explain with reason on why the type of intellectual property would apply? (5 Marks)
Ans 3a.
Introduction
Develop legit building rights and prevent the illegal use of the building. The granting of intellectual residential or commercial property civil liberties assists in rejuvenating the economy and promoting further development. Ideally, companies or individuals seek legal defense for their intellectual property when they feel they need to protect it from being used by others without their permission. We

b. Explain civil and criminal remedies under various intellectual property laws for enforcement of intellectual property rights? (5 Marks)
Ans 3b.
Introduction
Collectively, copyright is referred to as the privilege associated with the spirit’s production and is restricted to the creator or persons authorized by the creator. The famous adage “Ubi jus, ibiremedium” implies that where the law conferred rights, violations of them required related services. For copyright, benefit